Bank of Canada buys back C$500 million bonds in repurchase auction

By Marisa Wong

Madison, Wis., May 3 - Bank of Canada said it bought back C$500 million of Government of Canada bonds in a repurchase auction on Tuesday.

The government purchased C$200 million of 1% bonds due Sept. 1, 2011 and C$300 million of 5.25% bonds due June 1, 2012.

The cutoff yield was 1.02% for the 1% bonds and 1.422% for the 5.25% bonds.

After settlement on May 5, there will be C$5,076,689,000 of the 1% bonds and C$9,300,260,000 of the 5.25% bonds.

The bank also offered to repurchase 1.25% bonds due June 1, 2011, 6% bonds due June 1, 2011, 8.5% bonds due June 1, 2011, 3.75% bonds due Sept. 1, 2011, 1.25% bonds due Dec. 1, 2011, 1.5% bonds due March 1, 2012, 1.5% bonds due June 1, 2012 and 3.75% bonds due June 1, 2012. None of these bonds was repurchased.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.